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Wednesday, June 19, 2013

The market has come to rest on the lower white tine.
1595 is still the critical level. It's been tested twice before.
This lower tine is strong support, but failure would open the floor and bring another 70 point drop before any real support.

If you draw forks then you may have already placed yours as I have on the alternate red and blue. To avoid being fickle I'm leaving the white and yellow forks on my chart until the market does something different.